On every $1 billion that the Federal Reserve receives in bonds from the government, the Federal Reserve Bank is legally allowed to create another $15 billion in new credit to lend to states, municipalities, businesses, and individuals or to give away overseas, to charity or the Iraq War. Added to the original $1 billion in bonds issued in debt, the Federal Reserve Bank has the ability to legally create $16 billion of created credit for interest-bearing loans. The only cost to the Federal Reserve Bank is approximately $1000 spent for printing the $1 billion that was loaned to the Government.
The Society of Bankers create money out of nothing by writing numbers in their ledger books, and then giving loans to the American people with this money. This allows the people to write checks or take cash (Federal Reserve Notes) on the numbers written in their accounts, and then requiring payment with interest. Money is simply numbers. These numbers are posted in a ledger book, on checks, or on dollar bills. Using this process, most banks are legally allowed to lend out up to 50 times of what they have on deposit, creating the money out of nothing and then charging interest on it.
Money is quite inexpensive to make. The institution that makes the money has a tidy profit!
With the current federal debt, “we the people” could sign over the whole of the United States to the Society of Bankers and still owe them three more United States. The debt of this country continues to climb at a staggering rate, destined never to be repaid. The United States and most of the world has become totally enslaved to the Society of Bankers, owned lock, stock and barrel by the Vatican and its interests, a fraternal society of old Roman Empire control. ~ E. Manning
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Leon Walker 
according to our present leaders they stated that we have to spend more money to get out of debt, and that was repeated over the news. so where do i go to pick up more money. I especially the reverse thinking kind of like magical thinking isn’t it? its ok if you need me to make it myself, i will just help myself. spend, spend, spend, boy i love to help out my country. makes sense to, like jumping off a cliff is fun, or abortion is fun, or getting killed in a foreign country is fun. we should get use to these ideas because that is where our country is going, down the tubes. I quit laughing a week ago. Now I’m getting serious with objectives of how to revolt. not just write a message to a representative that doesn’t represent us anymore. Time to TAKE power again I see. Iran’s demonstrations will look like a Sunday picnic when Americans are through.
Is this to say that debt owed to a bank is regarded on ledger as actual assets of the bank?
Of course the twisted system somehow assumes that banks own public credit… so what are they doing with their public debt?!?
Great blog. Good information and intelligently done. I’ll be back. Come by to visit.